NCUA Disaster Policy; Mark Your Calendar
Posted by Anthony Demangone
NCUA has activated disaster assistance in response to the storms and flooding in Tennessee. I'll let you read this guidance, but I did want to make one point.  Portions of the disaster assistance policy extend to credit unions with members affected by the disaster.  In other words, the policy might extend to credit unions located far away from the disaster area.  Here's a portion of NCUA's release:
Under its disaster assistance policy, NCUA will, where necessary:
1. Encourage credit unions to make loans with special terms and reduced documentation to affected members;
2. Reschedule routine examinations of affected credit unions if necessary;
3. Guarantee lines of credit for credit unions through the National Credit Union Share Insurance Fund; and
4. Make loans to meet the liquidity needs of member credit unions through the Central Liquidity Facility.
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The Federal Reserve is hosting a free webinar to discuss the Top 10 issues concerning consumer compliance. Â The webinar will be held May 20th. Â You can read all about it and sign up here. Â The Fed always puts up an archived version of the webinar a few days after the live show. Â The Consumer Compliance Outlook gang at the Fed has been fairly active, as the Fed seems to use them to push out timely guidance that clarifies major areas of confusion. With all of the consumer compliance issues going on, this is a must see event.
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NAFCU members:Â Please join us for "A Mid-Year Review," a NAFCU member-only conference call on Wednesday, June 9, 4-5 p.m. EDT. NAFCU President Fred Becker and the association's senior staff will report on the latest developments in Washington affecting credit unions, including regulatory reform legislation, interchange fees, credit card reform, overdraft protection, corporate credit unions, insurance fund assessments and recent trends in compliance and regulation. In addition, we will discuss the outlook for the economy. Â Yes, all of that in one hour!
NAFCU's Member Call-In is free, but you must register to participate. Go to www.nafcu.org/call-in to sign up.